351 Aggregate Demand/Aggregate Supply

There is a major theory that stands behind the analysis of modern economies. Aggregate Demand (AD) and Aggregate Supply (AS) helps explain the changes within and economy as the price level changes. We do not study this in depth in our course, but I put in this excellent article about it for some background.

AGGREGATE DEMAND AND AGGREGATE SUPPLY

“Original document by Peter Turner licensed CC BY”

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